Most banks have decided to go for the "opt-in" option, putting the onus on the borrower to take the initiative of informing the bank (either by calling or via mail) that they want to go for the three-month breather.
Various banks have announced details of the EMI moratorium on their websites. Here is a look at the details of Yes Bank's moratorium on loan EMIs and credit card dues.
Private sector lender Axis Bank has offered its customers to opt for the loan moratorium if they face problem is keeping their EMIs running, in line with actions of its peers.
Financial prudence demands that you review your assets regularly. Why not extend this discipline to your liabilities as well? Like your loans. One such type of loan is a home loan. If you
One of the measures announced by RBI last week, as part of its relief measures was a term loan EMI moratorium for borrowers, for three months, i.e.
The company provides pre-approved medical loan via loan card to all Indian residents of age 21 to 60 years at an annual fee of Rs 999 (inclusive of taxes). The annual fee for the loan card is paid upfront.
The RBI had announced a 3-month moratorium on loan repayments in the wake of COVID-19 crisis for dues to be paid between March-May 2020 and left it to the bank to implement the same. A slew of state-run banks have gone for an "opt-out" option where the repayments automatically get deferred unless a customer informs of her willingness to pay.
Here is a look at the details Kotak Mahindra Bank's moratorium on loan EMIs. These are details as published on the bank's website.
Here is a look at the details Punjab National Bank's (PNB) moratorium on loan EMIs. These are details as published on the bank's website.
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